I did take a small put options around 9:30 am this morning. If we get a strong position of 5-10 million shares being dumped in open market it will be my biggest gain. My current biggest gain is 385%. I’m currently on 123% with this play. I didn’t wager a massive amount as I prefer call options over put options. I am more experienced in the calls even though I study both a lot. With the influx of potentially 20-30 million shares this could fall to sub 70’s. The total number of non insider shares to be unlocked is 137 million. The picture above is 3 million shares being released by an insider. There is an additional 240ish million shares available counting the 3 million from the above picture. The total number of shares now available to enter the market is 379 million shares. Most of these are purchased around 40ish dollars and well under 50 so still maintaining a +100% gain. With the recent uncertainty of earnings report and the unlocking of the shares I thought this would be a profitable play and I’m still in it. AM tomorrow shares will start to flow is my expectations. I’m watching for a fast hard drop to maximize my dollars. Who followed this play?
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